1. 04-20-10 09:52 AM #1
    noober
    noober's Avatar Become A Pro!
    Join Date: 10-23-09
    Posts: 2,012
    Betpoints: 5901

    Betfair odds question

    What is the formula to convert odds from BetFair so that the 5% comission is taken into account? Is it:

    decimal odds - .05*(decimal odds - 1)
    Reply With Quote Reply With Quote
  2. 04-20-10 01:03 PM #2
    aca
    aca's Avatar Become A Pro!
    Join Date: 03-20-06
    Posts: 2,111
    Betpoints: 2

    correct

    In my spreadsheet I have next format:

    ((DO-1)*0.95)+1

    But it's same!

    Reply With Quote Reply With Quote
  3. 04-20-10 01:22 PM #3
    minet123
    Is JJ a Higher Power ?
    minet123's Avatar Become A Pro!
    Join Date: 02-17-07
    Posts: 10,280
    Betpoints: 3753

    you got it
    Reply With Quote Reply With Quote
  4. 04-20-10 02:33 PM #4
    noober
    noober's Avatar Become A Pro!
    Join Date: 10-23-09
    Posts: 2,012
    Betpoints: 5901

    Thanks for the confirmation.
    Reply With Quote Reply With Quote
  5. 06-23-10 05:09 PM #5
    phans3
    phans3's Avatar Become A Pro!
    Join Date: 02-15-10
    Posts: 34
    Betpoints: 0

    i am probably incorrect but why do you use 5%? the 5% commission only occurs in about 55% of the time (if you are a very could handicapper) so shouldn't you use 5/0.55= 2.75% ? till this is the avg commission you will pay?
    Reply With Quote Reply With Quote
  6. 06-23-10 05:12 PM #6
    Hybris
    Hybris's Avatar Become A Pro!
    Join Date: 07-22-09
    Posts: 1,023
    Betpoints: 1471

    Quote Originally Posted by phans3 View Post
    i am probably incorrect but why do you use 5%? the 5% commission only occurs in about 55% of the time (if you are a very could handicapper) so shouldn't you use 5/0.55= 2.75% ? till this is the avg commission you will pay?
    No, 5% is correct.
    Reply With Quote Reply With Quote
  7. 06-24-10 05:28 PM #7
    phans3
    phans3's Avatar Become A Pro!
    Join Date: 02-15-10
    Posts: 34
    Betpoints: 0

    hm ok thanks
    Reply With Quote Reply With Quote
Top
« Previous Thread | Handicapper Think Tank | Next Thread »